Ryan Scribner is an angel investor in Yotta.
Yotta is a financial technology company that has been gaining popularity among savers looking to earn interest on their money while also having a chance to win big.
However, it is important to note that Yotta is not a bank itself. Instead, Yotta partners with a reputable bank to offer its customers banking services.
So, what bank does Yotta use?
Yotta partners with Evolve Bank & Trust, a Memphis-based bank founded in 1925.
Evolve Bank & Trust is a member of the Federal Deposit Insurance Corporation (FDIC), which means that any funds deposited through Yotta are FDIC insured for up to $250,000 per depositor.
Any funds deposited through Yotta are held by Evolve Bank & Trust, and any information entered into the Yotta app is protected by 256-bit AES encryption. This provides peace of mind to Yotta customers, knowing that their funds are secure and protected.
It is also worth noting that Yotta's number drawings are RNG (Random Number Generator) certified by Gaming Labs International.
This ensures that the number drawings are fair and unbiased, providing an equal chance for all participants to win.
Be sure to read our full Yotta review here for more info!
This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.